The Rundown

Hartz lands $57 million Aspire award to clean up, redevelop Secaucus site as 775,000 sq. ft. warehouse

Hartz Mountain Industries will build a new 775,000-square-foot warehouse in Secaucus with the help of a nearly $57 million tax credit under New Jersey’s Aspire program, following a major environmental cleanup at the site that allows it to qualify for the incentive award.

Residential & Mixed Use

Former ASCO headquarters site in Florham Park sold, slated to become senior housing

The site of a vacant office building in Florham Park is now slated for redevelopment, with plans calling for new senior housing after a sale arranged by Cushman & Wakefield and RePropCo.

Technology

SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.

Office

Iron Ore buys Cedar Knolls property with 117,000 sq. ft. office building, 14-acre land parcel

Iron Ore Properties LLC has acquired more than 117,000 square feet of office space and some 14 acres of land as part of a newly announced deal in Hanover Township.

Events

Ten finalists vying for NAIOP N.J. Deal of the Year honors, as chapter hits 90 percent sold mark for must-attend gala

Nearly a dozen transactions and projects will take center stage next week as contenders for NAIOP New Jersey’s Deal of the Year awards, as the organization prepares for what’s poised to be another sellout for its annual Commercial Real Estate Awards Gala.

Industrial

DH Property Holdings acquires 55,000 sq. ft. Swedesboro industrial building

DH Property Holdings LLC has added to its South Jersey portfolio with the acquisition of a 55,000-square-foot industrial building in Swedesboro.

Residential & Mixed Use

JLL: Cammeby’s buys 406-unit rental property at Wesmont Station for $162 million

Cammeby’s International has expanded its footprint in Wood-Ridge, acquiring a 406-unit apartment building in the Wesmont Station district for nearly $162 million.

Retail

Onyx-led team sells repositioned 190,000 sq. ft. shopping center in Hazlet for $44 million

An affiliate of Onyx Equities has sold a 190,000-square-foot shopping center in Hazlet for $44 million, nearly a decade after acquiring and embarking on a series of updates to the property.

Office

Real estate, law firms among newest tenants at revamped West Orange office building

The owner of a repositioned office building in West Orange has secured seven new tenants with nearly 74,000 square feet of leasing activity, brokers with JLL announced.

Industrial

Ridgecut Road plans upgrades to newly acquired Linden industrial outdoor storage property

Ridgecut Road has purchased a 1.7-acre industrial outdoor storage parcel in Linden, with plans to attract a new tenant after upgrading a 17,000-square-foot building on the property.